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. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> security software pioneer john mcafee is on the run. police in belize want to talk with him about the suspicious murder of his neighbor that happened three weeks ago but mr. mcafee is nowhere to be found. or so we thought. >> reporter: the search to find john mcafee began right here at the airport not long after i landed and three words. sorry i'm late. a code word to let me know i met the person to take me to mcafee. who follow eed was a long drive and then we get in to a parking lot and get in to another vehicle an drive off again. this time with switchbacks, u-turns and back alleys. it was clearly meant to confuse and anyone following. and then there we were. face to face. observation number one. with john mckay fee, there is no such thing as a simple answer. you are john mcafee? >> i think so, yes.
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> security software pioneer john mcafee is on the run. police in belize want to talk with him about the suspicious murder of his neighbor that happened three weeks ago but mr. mcafee is nowhere to be found. or...
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Nov 29, 2012
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that is how you get the economy to grow. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out and significant detail. there is not going to be a deal between now and december 31st and all americans they are all going to see their tax rates going up starting january 31st. how are you going to feel about that? >> the president came forward and said when you have slow growth, less than 2% now, why would raising taxes now be a good idea? it is still a bad idea and i think while i think there is room for a prom promise, i don't think one person gets to decide where the compromise is. he ran on this notion of raising taxes on the wealthiest americans. he is probably going to hold firm on that. we'll see what happens over the next four weeks. as long as we are spending money on robots, don't raise any taxes. thank you very much. >> less us know what you think. follow us on twitter. up next, another twist in the administration's attempt to explain what happened the night four ame
that is how you get the economy to grow. we'll have less economic growth. >> if all the republicans hold firm to that position you just spelled out and significant detail. there is not going to be a deal between now and december 31st and all americans they are all going to see their tax rates going up starting january 31st. how are you going to feel about that? >> the president came forward and said when you have slow growth, less than 2% now, why would raising taxes now be a good...
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Dec 2, 2012
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not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our long term fiscal house in order. there's no surprise. you're a pro at this. there's going to be a lot of political theater between now d when we get there. >> is this a part of that political theater? this is your opening gambet here. it's not -- you know you're not going to get what you went up there -- >> what we're trying to do -- this is the only way i know how to do these things. to solve problems, you have to be clear and direct with people about what you want and what you need and what's important for the country, and that's what we did. in those prop
not just for the american economy, but for the world economy. we have a chance to do something very good for the country, very good for the country now. not just protecting 98% of americans from seeing an increase in their taxes, not just preventing the threat of default hanging over the country in the future, not just preventing deeply damaging spending cuts, but doing something to create room to invest in infrastructure, strengthen the economy, get more people back to work, and putting our...
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Nov 29, 2012
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i think it's bad for the economy, bad for job creation. ultimately by slowing down growth cuts revenue. i think the president need to come to the table with real entitlement reform. having said that, if we agree that taxes shouldn't go up on 98% of the people? shouldn't we take that now, set that aside, and i think we'll win the argument on the other areas. putting people at risk when we agree taxes shouldn't go up is something that we shouldn't do. >> speaker boehner said they need to stick to their position and freeze tax rates. i guess they believe that if you do what you are suggesting, you lose a lot of leverage at far as entitlement cuts and other spending cuts are concerned. how do you respond to that? >> i respect that but i don't agree with it. you don't use the american people as a hostage in a negotiating-type situation. i think at the end, this is the r rev ladies and gentlemen for the democrats not the republicans in this. my advice was given privately. i was asked what i thought. my position hasn't changed so i'm happy to tal
i think it's bad for the economy, bad for job creation. ultimately by slowing down growth cuts revenue. i think the president need to come to the table with real entitlement reform. having said that, if we agree that taxes shouldn't go up on 98% of the people? shouldn't we take that now, set that aside, and i think we'll win the argument on the other areas. putting people at risk when we agree taxes shouldn't go up is something that we shouldn't do. >> speaker boehner said they need to...
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Nov 30, 2012
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> we are back with tonight's outer circle where we reach out to our sources around the world and tonight, we go to syria where the internet is nearly blacked out. the road to damascus is shut down. the u.s. is still weighing on whether to arm them. nick peyton walsh is in beirut and i asked him about the deterioratie ining situation in syria. >> reporter: two dramatic developments today. first, the communications blackout across the country. the internet down along with most cell phones perhaps done by the regime to stop communications with the outside world about their successes, perhaps suggesting a crisis at the heart of damascus' ruling eli elite. damascus international airport, flights canceled from there. reports of clashes nearby. two austin ran peace keepers likely wounded. that vital symbol on the outskirt of the capital clearly under threat at the moment and after months of stalemate, signs of real change and movem
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> we are back with tonight's outer circle where we reach out to our sources around the world and tonight, we go to syria where the internet is nearly blacked out. the road to damascus is shut down. the u.s. is still weighing on whether to arm them. nick peyton walsh is in beirut and i asked him about the deterioratie ining situation in syria. >> reporter:...
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Dec 6, 2012
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. relieves nasal congestion. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 pe
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. relieves nasal congestion. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight,...
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Dec 3, 2012
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to the financial pressures caused by a whole bunch of things, ranging from the internet to a tough economy. now, this is kind of a blip compared to what some newspapers, including my former paper "the washington post" have gone through, cutting hundreds and thousands of employees through buy-outs and layoffs, other methods of trimming the payroll. 30 voluntary buy-outs is nott that much. given the time to keeping that news rm big, it shows that even if you are in new york and you are a big national newspaper, you cannot be immune to the tough times facing the print business right now. >> hey, howie, thank you. love your show. >> thank you so much. talk to you again. >> howie kurtz joining us live on a number of topics. >>> also, secretary of state hillary clinton has a message, and it's for syria. use chemical weapons against your own people, and the united states will take action. what does that mean? we'll talk about it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive iss
to the financial pressures caused by a whole bunch of things, ranging from the internet to a tough economy. now, this is kind of a blip compared to what some newspapers, including my former paper "the washington post" have gone through, cutting hundreds and thousands of employees through buy-outs and layoffs, other methods of trimming the payroll. 30 voluntary buy-outs is nott that much. given the time to keeping that news rm big, it shows that even if you are in new york and you are...
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Nov 29, 2012
11/12
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become pregnant or are breast feeding should not use androgel. serious side effects include worsening of a
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [...
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Dec 6, 2012
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a...
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Dec 4, 2012
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! thanks. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. so i never missed a beat. that's health in numbers. unitedhealthcare.
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] alka-seltzer plus liquid gels speeds relief to your worst cold symptoms plus has a decongestant for your stuffy nose. thanks. that's the cold truth! thanks. when you take a closer look... ...at the best schools in the world... ...you see they all have something...
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roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley. ♪ nature valley granola bars, nature at its most delicious. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. sfx- "sounds of african drum and flute" look who's b
roll over your old 401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. [ female announcer ] nature valley granola bars, rich dark chocolate, toasted oats. perfect combinations of nature's delicious ingredients, from nature valley....
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Dec 2, 2012
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the petraeus story got more coverage than should have in an era that we have the economy and americans out of work. this is the next leg of that with the conservative media trying to push the angle there's some cover up. there's some resentment that the story didn't gain traction. >> how is this for classish ii washington media controversy? susan rice delivered the words but some other agency wrote them. >> any story you can have talking points about talking points which is what we're saying. the media coverage is shaping this, the results here. i think we're reaching a point if obama doesn't nominate susan rice to be secretary of state it will be seen as his backing down and a lot of liberal base, which has really gotten upset about what it sees as an outrageous attack will be very upset. the coverage is treating her as though she's the nominee. >> i want to play a bit more sound from both of you. this is from msnbc where some liberal commentators are framing this in racial terms. >> it's outrageous there's this witch hunt going on on the right about these people of color around this
the petraeus story got more coverage than should have in an era that we have the economy and americans out of work. this is the next leg of that with the conservative media trying to push the angle there's some cover up. there's some resentment that the story didn't gain traction. >> how is this for classish ii washington media controversy? susan rice delivered the words but some other agency wrote them. >> any story you can have talking points about talking points which is what...
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Nov 29, 2012
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i think he ran the campaign on a very narrow basis, by deflecting everything back to the economy. that's what he did in the primary and that's what he said he was going to do from the beginning. he just executed a plan that didn't work. the very people criticizing him were the people supporting him saying he was going to win. >> we just talked to senator john cornyn, he said he's pessimistic that they will get a deal. but tom cole urged republicans to take the obama deal right now. here is the clip quickly. >> my view, we all agree that we're not going to raise taxes on people that make less than $250,000, we should take them out of this discussion right now, and continue to fight against any rate increases and continue to work honestly for a better deal. >> that's what the president wants, extend them for everyone under $250,000. i'm curious what you think. do you think that someone like cornyn, someone like boehner is the right leader for the party, or someone more like what cole is saying? >> there is a strategy to putting together a deal and that goes for, in washington, d.c.
i think he ran the campaign on a very narrow basis, by deflecting everything back to the economy. that's what he did in the primary and that's what he said he was going to do from the beginning. he just executed a plan that didn't work. the very people criticizing him were the people supporting him saying he was going to win. >> we just talked to senator john cornyn, he said he's pessimistic that they will get a deal. but tom cole urged republicans to take the obama deal right now. here...
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it will hurt small businesses, hurt our economy. it's why it's not the right approach. >> now, you can agree or disagree with that position. however, keeping them honest, house speaker john boehner and other top republicans trying to justify it in part by playing down the fact that president obama and democrats got a significant boost from voters. >> in politics, there is always a temptation among those who win office to think they have a mandate to do what they will. >> i don't think so because they also re-elected the house republicans. so whether people intended or not, we've got a divided government. >> the american people have also made clear there is no mandate for raising tax rates. >> keeping them honest, president obama campaigned and won on letting taxes go up for the top earners, so his victory throws a little cold water on that claim. democrats gained seats in the senate and the house and recent cnn/rnc polling shows more than 2 in 3 support tax hikes for the wealthy. u.s. a reality that republicans will grapple with fro
it will hurt small businesses, hurt our economy. it's why it's not the right approach. >> now, you can agree or disagree with that position. however, keeping them honest, house speaker john boehner and other top republicans trying to justify it in part by playing down the fact that president obama and democrats got a significant boost from voters. >> in politics, there is always a temptation among those who win office to think they have a mandate to do what they will. >> i...
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Dec 3, 2012
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu and the candidate's speech is in pieces all over the district. the writer's desktop and the coordinator's phone are working on a joke with local color. the secure cloud just received a revised intro from the strategist's tablet. and while i make my way into the
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing...
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Dec 4, 2012
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rebel and say just extend everything and come back later when the economy is at full -- >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? >> i get excited when i hear david say things so far outside the bok. it's not a box. it's a beltway here. there is a long-term crisis and i think david would agree with that. if you actually go back and read what my old boss and his partner wrote almost two years ago now, they said these things, these cuts in tax increases should be back loaded so we don't damage the economy. in the president's proposal, he does have a small infrastructure bank program to try to jump-start some growth, so i think it's a good idea. raising tax rates on the rich. i saw your interview with senator coburn. he has really put in the time here and i admired his work on this. but even a guy like senator coburn who was on the commission and supported its report can't state the obvious. we need to go back to the clinton era rates for
rebel and say just extend everything and come back later when the economy is at full -- >> how do you rebel against the fiscal cliff idea? paul, if you listen to boehner and his plan, he sort of says it's erskine bowles plan. is it possible to rebel against an idea marching along? >> i get excited when i hear david say things so far outside the bok. it's not a box. it's a beltway here. there is a long-term crisis and i think david would agree with that. if you actually go back and...
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Nov 30, 2012
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not good for the economy. we'll pass that. the senate's passed a bipartisan bill that called for that. tom cole the former chairman of the republican campaign committee in the house of representatives said just earlier this week we'll all pass that. i agree with him. secondly, the republicans have agreed that we need to have some sort of balance, more and more republicans are saying we need to have revenues. you cannot do it simply with cutting spending. thirdly, i don't think that anybody wants to hurt the vulnerable in america. >> no, i think -- but the question, the question here is, is on the issue of taxes for instance. the president proposed tax cuts -- i'm sorry tax increases that went beyond what they discussed before. raising the rate which would amount to $960 billion, then an additional $600 billion in tax increases that would go on the 2%. on the issues of spending, cuts, $400 billion in medicare and other entitlement savings but unspecified in next year not the specifics and not the amounts the republicans were lo
not good for the economy. we'll pass that. the senate's passed a bipartisan bill that called for that. tom cole the former chairman of the republican campaign committee in the house of representatives said just earlier this week we'll all pass that. i agree with him. secondly, the republicans have agreed that we need to have some sort of balance, more and more republicans are saying we need to have revenues. you cannot do it simply with cutting spending. thirdly, i don't think that anybody...
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Dec 6, 2012
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. secondhand smoke affects everyone's health. it's not just irritating. it can cause heart disease and even death. speak up about secondhand smoke. your health and the health of your family depend on it. >>> we're back with tonight's outer circle where we reach out to our sources around the world and we go to cairo where three advisers to president mohamed morsi have stepped down as violence has intensified.
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ]...
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Dec 5, 2012
12/12
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> 45 minutes past the hour, checking our top stories now. a typhoon blamed for the deaths of at least 274 people in the philippines. it destroyed close to 3,000 homes. it's moving offshore after leaving washed out roads, downed power lines and other damage. >>> citigroup plans to cut 11,000 jobs world wide including positions at 44 positions here in the united states. the cuts are part of a plan to reduce expenses. we don't know when the layoffs will begin. >>> a
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're...
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Nov 29, 2012
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they weren't a damper on the economy. i think it fair that we go back to those rates. >> i understand not wanting to negotiate with yourselves but you have to negotiate with somebody. so -- yes or no -- would you settle for something lower than 36.9%? >> i don't want to say what my line would be. we have to make compromises. if the rates do come up whether they have to come up to precisely the way they were during the clinton administration it can be a subject for negotiation. >> for instance let me ask you specifically. would you favor support if you need to lowering the eligibility rate for medicare -- raising it rather. >> oh i don't think we should make changes to medicare. it's not responsible for the deficit and debts. neither is social security. you're right, medicare and social security have long-term fiscal challenges. they need to be dealt with. i don't agree with connect connecting those to the deficit and debt program not created by those programs. >> i want to switch gears. as a senior member of the house int
they weren't a damper on the economy. i think it fair that we go back to those rates. >> i understand not wanting to negotiate with yourselves but you have to negotiate with somebody. so -- yes or no -- would you settle for something lower than 36.9%? >> i don't want to say what my line would be. we have to make compromises. if the rates do come up whether they have to come up to precisely the way they were during the clinton administration it can be a subject for negotiation....
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Nov 29, 2012
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that helps our economy. home building and strong corporate profits, that also helped our economy. but here's the thing. when you dig deeper in the report, past that headline number of 2.7%, you know, it's not all it's cracked up to be. businesses built up bigger inventories of their products last quarter. that helps the economy now, but the thing is, it means next quarter these businesses may not buy as much. also, this increase in inventory may be because these products are just piling up and no one is buying them. also, corporate america isn't spending much on much else. computer and equipment purchases, they're down because they're not sure where the economy is headed. and consumers aren't spending as much as first estimated, either. so there's a little good, there's a little kind of bad in the report, carol. >> yeah. i was going to ask you, what does this all mean as far as the fiscal cliff goes, anything? >> reporter: you know this. the fiscal cliff is going to have a huge impact on the economy. in fact, a big european economic group this week dialed back its estimates for u.
that helps our economy. home building and strong corporate profits, that also helped our economy. but here's the thing. when you dig deeper in the report, past that headline number of 2.7%, you know, it's not all it's cracked up to be. businesses built up bigger inventories of their products last quarter. that helps the economy now, but the thing is, it means next quarter these businesses may not buy as much. also, this increase in inventory may be because these products are just piling up and...
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the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right now. >> house speaker john boehner said friday the white house proposal which begins basically with having $1.6 trillion tax increase among other things was essentially a nonstarter. take a listen. >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. you've watched me over the last three weeks. i have been guarded in what i have to say because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. >> all right, so common ground. the white house is focused on having high earners, the rich, pay higher taxes and get fewing deductions. if that happens, the middle class comes out ahead. so why is there so much push-back by the republicans? >> the proposal t
the economy goes back into recession. it's almost as if they can't strike a deal before you get to the very end, which is understandable. the problem is when you play this game, you can make a terrible mistake, and you know, they're gambling with the whole country here right now. >> house speaker john boehner said friday the white house proposal which begins basically with having $1.6 trillion tax increase among other things was essentially a nonstarter. take a listen. >> there's a...